Vermont

Vermont has long been a leader in electric energy efficiency programs in the region and the nation, featuring high levels of investment and strong energy savings targets. Under Act 61 of 2005, Vermont seeks to investment in “all reasonably available, cost-effective energy efficiency savings” as determined by the Public Service Board. In order to facilitate this, the Board has authorized three energy efficiency utilities to provide customer energy efficiency services, including Efficiency Vermont, Burlington Electric Department, and Vermont Gas Systems. The state determines its savings targets and investments every three years through its Demand Resources Plan Proceeding.

Complementing energy efficiency policies is a recently enacted law requiring retail electric suppliers to implement energy transformation projects related to the electrification of heating and transportation sectors in a manner that reduces fossil fuel consumption. Strategic electrification is a major component of the state's 2016 Comprehensive Energy Plan.

The Vermont Energy Investment Corporation (VEIC) recently launched Commons Energy, a Public-Purpose Energy Services Company. The goal of this new model of innovative energy efficiency financing is to improve building energy performance in municipalities, schools, hospitals and multifamily housing.

The Public Service Board continues to oversee the Demand Resources Planning Process, with the energy efficiency utilities having filed plans in December 2014. The state's largest energy efficiency utility, Efficiency Vermont, is in the third year of their 2015-17 Triennial Plan.

2015 program year data as reported to ISO-New England for its 2016 Energy Efficiency Forecast and to the NEEP EM&V Forum for the Regional Energy Efficiency Database (REED) and E2's Energy Efficiency Jobs in America report. Savings are expressed in net annual terms.